Omaha daily bee., 1887-12-13
The SPECULATIVE MARKETS.
The Visible Supply Statement
Causes Wheat to Suffer.
CORN COMPARATIVELY
Outsiders More Interested in This
Cereal Than in Whcat-Oats Fairly
Activc-Provisions hut Little
Changcd-Gcneral Quotations.
CHICAGO PRODUCE MARKET.

CncAGo, Dec. 12.-i Special Telegram TO the
Bee An increase Of l,;43,UO bushels IN
the visible supply of wheat was vcritable
milestone about the neck OF the wheat market
this forenoon. Saturdays estimates had
been for about GOO 900 bushels increase, and
opening prices were almost identical with
those OF Saturdays close. When figures
came IN, however, indicating such further
pilnp up Of grain in store. the effect was de-
pressing, and prices fell, as result OF the
mornings trading, just 1c. Trading was
chiefly local, the only notable exception
being considerable selling for New York
early in the session. The seaboard clearances
reported to-day only amounted to 5,5os BUSH
els, and this was from Philadelphia alone.
New York and Baltimore both reported no
clearances Of wheat today and Saturday.
Meanwhile the grain is piling up in the elc-
vators in this country. The heaviest trading
today was by Jones, Mccormick " Bennett,
and by Hutchinson, the former selling and
the latter buying Among the local traders
there seemed to be more sellers
than buyers, and the country was
not there TO any considerable extent
70 take the offerings. May wheat opened
at s4s4c and held for time between s+}s and
S49lc, then when the large increase in the
with occasional slight reactions, to S3jSc ad-
vanced to 81 Il and fell pack to $40 which
was the | O'Clock close. January wheat
opened at T34mi1isc which was the highest
point declined to and closed at i6sic.
Corn held firm during most of the morning
session and for May delivery the price AT the
close Saturday, the opening this morning and
at the ! o'clock close to-day was exactly the
same There was excited trading at the
opening when first sales were made at 5394c,
while at the same time the heaviest local
holder of grain was bidding 54c for 20, 600.
bushels. The price rose rapidly to "a "a
54i4 Z then fell back to 53SS0d539lc, advanced
again to 5il4 4c and gradually declined to 533.c C.
where it rested at o'clock. January corn
opencned at 1870, sold UP TO i9c. down to
4SLac and closed at o'clock at IS5sc. Out
slders appear to be taking rather more inter
est in corn than wheat just now and a good
part Of the strength to-day was attributed tC
buying orders from the country. So far as
the loca! traders are concerned, the chief in
huencc seems to be receipts.
There was quite active trading in speculat.
i've way n oats early, chiefly for May de
livery The local element were selling early
andWay oats opened lsc lower than Satur-
days close or at Soc. Later there was goOd
buying by commission houses and the
prices advanced to 33ssc,. closing al
o'clock at 33i,c. Receipts were but
139 cars against 10 cars estimated Saturday
The estimate is for l25 cars tomorrow The
visible supply statement showed a decrease
in oats of l25,0W bushels. The talk among
oats traders is of the unusually wide differ
cnce in price between oats and corn and, on
the other hand. of the large crop of the grain
The provision trade opened weak with much
stronger feeling controlling its movement
than the trade expected. There was no great
activity exhibited, yet the business trans
acted reached a fair volume and the market
rather favored the bull side. Fluctuations
were restricted to moderate range and, as
compared with Saturdays closing, pork at
o'clock showed an appreciation amounting tc
5@l2i sc; lard to 1la@lOc and short ribs tc
2l9M5c.
AFTERNOON BoARp-Wheat easier. May
closed at S39lc, January i62ic, February
1'ssc. Corn, May closed 53sac, January
4S$sc, February 4SEc. Oats, steady. PORK
advanced - d5c and closeu at Sl4.nia foI
January, $3.50 for February and $l530 foi
May Lard closed 2i50l5c higher, or al
s142i4 for January, S1.d2is for March and
$1.s2'4 for May. Short ribs We're 2i5m5,
higher for January. February and March
and 2iac lower for May January closed al
si.5Ts, February $40, March at Si.nIa ant
May at SGi9ta.